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Policy Options on Addressing Issues Relating to High-quality Development of China’s Food Industry (No.207, 2020)
2020-09-27
By Wang Xinong, Research Team on “Strategies for Further Upgrading China’s Food Industry”, China Economic Times
Research Report, No.207, 2020 (Total 5951) 2020-8-24
Abstract: Food industry is a fundamental sector related to food safety, people’s health and even the stable social and economic performance. A booming food industry is conducive to improving consumption mix, expanding domestic demand and creating job opportunities. China’s food industry, including food machinery manufacturing, food additives R&D and other links, has developed rapidly in recent years. But in the context of complicated domestic and international landscape, especially under the impact of COVID-19 pandemic, China’s food industry is fretting over multiple problems such as small business scale, weak brand awareness, decline in gross output, improper product quality, outdated technology and machinery, sluggish scientific research system, and the upgrading of the food additives industry. These problems have all added to the difficulty for the food industry to face up to the fierce competition in the world. Therefore, it is necessary for us to design China’s food industry’s strategy by tracking the source of problems and taking deliberate account of both domestic and international development trends in the food industry in a bid to provide solutions to address the problems and blaze new trails for business growth. Besides, China’s supply-side structural reform for its food industry needs to be accelerated and supporting policies need to be improved for the strategic transformation and high-quality development of China’s food industry.
Keywords: food industry, food additives, clean label, high-quality development
